Mar 292023

Bulls and bears played circus yesterday in a tug-of-war session between 161.85 and 160.75. It ended with bulls being able to close near high. Dailies is showing clear higher high and higher low patterns thereby providing bullish bias for today.

The consolidation during the whole US session gave us bullish signals to buy into the breakout early this Asian Session.

Bulls has taken out 161.85 and we are expecting the trend to continue to 162.70 to 163.30 where bears will be waiting.

GBPJPY, 2023-03-29, Asian Session by traderh on

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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